FINWIRES · TerminalLIVE
FINWIRES

Toubani Resources Secures AU$302 Million Funding Package to Complete Kobada Gold Mine Construction

By

Toubani Resources (ASX:TRE) secured and finalized a AU$302 million binding funding package comprising a AU$232 million gold stream and AU$70 million in equity financing to complete the construction of its Kobada gold mine, according to a Monday Australian bourse filing.

The company said an additional term sheet is in place for a senior secured facility of up to $40 million from a syndicate led by AFG Bank to provide further balance sheet flexibility.

The binding funding package provides timely, low-risk funding to ensure Kobada remains on schedule for first gold in the third quarter of 2027, with project capital cost in line with plan, and now over 60% committed, it added.

Related Articles

Asia

GAC Warns of Wider Loss in H1

Guangzhou Automobile Group or GAC (HKG:2238, SHA:601238) expects an attributable loss of between 4.06 billion yuan and 4.57 billion yuan for the first half of 2026, wider than 2.54 billion yuan a year prior.The automaker attributed the forecast to a wider loss from self-developed brands, lower investment income, and foreign exchange losses, according to a Friday Hong Kong bourse filing.

HKG:2238SHA:601238
Asia

Jiumaojiu International Posts Mixed Same-Store Daily Sales in Q2

Jiumaojiu International Holdings (HKG:9922) posted mixed results for same-store average daily sales across major brands in the second quarter of 2026, according to a Friday Hong Kong bourse filing.Self-operated Tai Er stores recorded a 6.1% rise in same-store average daily sales. On the other hand, Song Hot Pot fell 26% and Jiu Mao Jiu declined 14%.As of June 30, Jiumaojiu operated 606 restaurants, including 477 Tai Er outlets.Average spending per customer across major brands has remained relatively stable for several consecutive quarters.

HKG:9922
Asia

CSSC Offshore & Marine Engineering Forecasts Up to 69% Surge in H1 Profit

CSSC Offshore & Marine Engineering (HKG:0317, SHA:600685) expects an attributable profit of between 790 million yuan and 890 million yuan for the first half of 2026, up 50% to 69% from 526.4 million yuan a year prior.The marine and defense equipment manufacturer attributed the forecast to a rise in product gross profit amid production and operational efficiency, as well as higher recognized investment income.

HKG:0317SHA:600685